Will Cardano Price Hit $5 in 2025 Amid Whale Accumulation? - The Market Periodical
Key Insights Over 40 million ADA were bought by whales in the last 48 hours, signaling strong accumulation and bullishness for Cardano price. Cardano broke past the $0.70 resistance, confirming a key bullish...
Key Insights
- Over 40 million ADA were bought by whales in the last 48 hours, signaling strong accumulation and bullishness for Cardano price.
- Cardano broke past the $0.70 resistance, confirming a key bullish breakout.
- Analyst projects ADA price to reach $5 by 2025 amid growing whale activity.
Whales collectively purchased over 40 million ADA in the last two days, marking a notable accumulation phase in the market. Cardano (ADA) price recently broke above a longstanding key resistance at $0.70, confirming a strong bullish breakout. Consequently, an analyst predicted that ADA could hit $5 in 2025 due to the increased rate of whale accumulation.
Whale Accumulation Signals Growing Confidence
Over the past 48 hours, Cardano (ADA) experienced large-scale accumulation with whales amassing more than 40 million ADA, as reported by Santiment. This surge in whale buying coincided with ADA’s price breaching key resistance levels. The aggressive buying from whale addresses—those holding between 100 million to 1 billion ADA—suggests growing confidence in the asset’s long-term potential.
Notably, whale accumulation is associated with the overall improvement of the market, leading to a bullish scenario for Cardano. Historical data often shows that such accumulation precedes major price movements, as large investors tend to position themselves before significant price rallies. Whale’s involvement at this point represented the progress Cardano achieved in network improvements, especially in strengthening scalability and transaction processing speed.
Cardano Price Technical Breakout Above $0.70 Boosts Market Sentiment
More so, crypto analyst Tyler Burke predicted that ADA price has the potential to hit a $5 target in 2025 based on current market movement and technical analysis. This long-term view coincided with market expectations in which Cardano success may be fueled by continued network improvements and institutional investor interest.
In addition, the key support level that emerged in Burke’s analysis is $0.70 which denoted that the recent breakout is a critical signal for further gains. In his opinion, retracements will be met with active buying, strengthening the argument of the continued upward thrust of Cardano price.
As ADA continues to attract significant whale interest, this price target could become increasingly feasible, especially if broader market conditions remain favorable.
Moreover, ADA price chart showed higher highs and higher lows – this is in line with a bullish forecast. The combination of a bullish chart pattern and increasing trading volumes can signal that ADA is set to enter a parabolic phase, where prices rise rapidly with brief corrections. The ongoing price rally has also pushed ADA above its 20-day exponential moving average (EMA), further confirming bullish momentum.
Cardano Price Technical Analysis
On the technical indicators, Cardano 1-day Bollinger Bands displayed increased volatility as price approached the upper band at $0.8053. The 20-day simple moving average (middle band) was around $0.7142, and the bottom band hovered around $0.6232. Consequently, increasing distance between the bands signifies increased demand, which may be a precursor to a prolonged upward trend.
Additionally, the Bull Bear Power (BBP) was at 0.1591, depicting a bullish perspective in the market. The bullish ratio suggested that supply is less than demand, meaning that buyers are in control of the market. The recent increase in BBP aligned with the strong whale accumulation and breakout above key resistance areas, supporting the potential for further price gains.
At the time of writing, Cardano price was trading at $0.8014, up 0.36% in the last 24 hours. Despite a 34.96% drop in volume to $1.15 billion, ADA sustained a $28.3 billion market cap. Strong resistance lies at $0.84, while $0.79 is short-term support.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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